# Mortgage/Loan Repayments

### Principal + Interest

```
daily repayment on $10,000 over 6 years at 6%   | $5.45
monthly repayment on $10,000 over 6 years at 6% | $165.73
annual repayment on $10,000 over 6 years at 6%  | $1,988.75
total repayment on $10,000 over 6 years at 6%   | $11,932.48
```

### Interest Only

<pre><code>daily interest on $10,000 over 6 years at 6%          | $0.88
<strong>monthly interest on $10,000 over 6 years at 6% | $26.84
</strong>annual interest on $10,000 over 6 years at 6% | $322.08
total interest on $10,000 over 6 years at 6%           | $1,932.48
</code></pre>

{% hint style="info" %}

* For an [amortizing loan](https://www.thebalance.com/how-amortization-works-315522), the monthly interest decreases over time as you pay off the loan's principal.
* Typically an [amortization table](https://www.investopedia.com/terms/a/amortization_schedule.asp) is used for details about what you'll pay in a given month.
* The monthly interest function in Soulver indicates the average monthly interest paid over the lifetime of the loan.
  {% endhint %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://documentation.soulver.app/syntax-reference/money-and-finance/mortgages.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.